Markets
Calif. Energy Company CEO Blames Climate Change on $17B in Fire Damages
It was California's biggest fire yet. In late July and August, wildfires devastated an area north of San Francisco far bigger than New York City, destroying more than 100 homes and injuring 2 fire ...
Liberty Mutual’s Net Income Continues Rebound Momentum
Liberty Mutual Holding Company Inc.'s 2018 net income has rebounded in a big way over the previous year, thanks in part to fewer natural catastrophes and the sale of a division. Net income for Q2 and ...
XL Catlin Beefs Up M&A Underwriting Team With Two New Additions
XL Catlin hired two new additions to its team of Mergers and Acquisitions insurance underwriters - one is a veteran executive from Allied World Assurance Company. Naveed Khalidi comes to XL Catlin ...
Musk Sued by Tesla Investors Alleging Fraud Over Tweets on Going Private
Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the ...
Verdict Hits Monsanto With $289M in Damages for Roundup Weed Killer Cancer Trial
Monsanto Co. was socked with $289 million in damages in the first trial over claims that its Roundup weed killer causes cancer. Lee Johnson, a former school groundskeeper whose doctors didn't think ...
Property Cover Drives 3rd Consecutive Quarter of Global Commercial Insurance Prices Hikes
Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh's "Global Insurance Market Index." These average ...
Treasury Dept. Proposals Clear Up Trump Tax Cut Confusion For Brokers, Agents
The Treasury Department has moved to clear up some confusion in the Trump tax cut law by proposing that the full 20 percent deduction for pass-through businesses be made available to a broad spectrum ...
Forecasters Downgrade Number of Atlantic Storms Predicted for 2018
With four storms already in the books, the Atlantic is expected to produce a total of nine to 13 named storms during the six-month hurricane season that ends Nov. 30, the National Oceanic and ...